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2014-06-11 13:22 | Report Abuse
Grand-Flo (GFLO MK)
Technical BUY with +18.7% potential return
Last price : RM0.330 (RM0.310~RM0.330)
Target Price : RM0.350, RM0.380
Support : RM0.300
Stop-loss: RM0.295
BUY with a target price of RM0.380 with stop
loss placed below RM0.295. GFLO’s share
price has consolidated within a contracting
range in the form of a bullish continuation
pattern of “symmetrical triangle” since 24 Apr
14. Following yesterday’s breakout along with
a higher trading volume of 2.1m shares (vs 20-
day average of 0.37m), we expect GFLO to
climb further in the near term. This is
consistent with the buying signal flashed by
“ichimoku kinko hyo” along with the improving
momentum as shown by positive readings in
both MACD and Stochastic. Moving forward,
we expect GFLO to match X to X projection of
the “symmetrical triangle” pattern at RM0.380.
Conservative traders may try to accumulate at
the lower range of RM0.310-0.330 with the
expectation of profit-taking activity pulling down
share price slightly.
2014-06-11 13:21 | Report Abuse
Century Logistics Holdings
(CLH MK)
Technical BUY with +14.0% potential return
Last price : RM2.63
Target Price : RM2.76, RM3.00
Support : RM2.48
Stop-loss: RM2.47
BUY with a target price of RM3.00 with stop
loss placed below RM2.47. CLH’s share price
has consolidated below the “cloud’ in the past
5 weeks before establishing a support level at
RM2.48. Following two consecutive days of
rebound, the current correction should have
ended. This is consistent with the emergence
of fresh buying interest as the trading volume
has shown some improvement in the last 3
days with momentum gradually lifting the share
price. The bullish crossover between the
“tenkan” and “kijun” lines, an uptick in “chikou”
and a breakout above the “cloud” yesterday
signal the end of the previous correction and
the start of a new uptrend. Moving forward, we
expect the share price to nudge higher as we
peg our medium-term upside target at the
psychological level of RM3.00.
2014-06-11 13:20 | Report Abuse
Favelle Favco (FFB MK)
Technical BUY with +17.1% potential return
Last price : RM3.63
Target Price : RM3.99, RM4.25
Support : RM3.42
Stop-loss: RM3.40
BUY with a target price of RM4.25 with stop
loss placed below RM3.40. FFB’s share price
has gradually recovered along the rising
trendline after retracing from the recent high of
RM3.99. Yesterday’s breakout above the
immediate resistance of RM3.57 on the back of
a higher trading volume of 0.55m shares (vs
20-day average of 0.2m) should indicate
upward continuation hereafter. As the share
price has surged above the upward sloping 10-
day and 21-day SMA lines, we expect the
rising momentum to push FFB higher. We peg
our medium-term target at the 1.38x Fibonacci
extension level of RM4.25.
2014-06-11 08:03 | Report Abuse
dear TCB ----------good morning..what you have to say on CYPARK,,,and SKPETRO??? thanks
2014-06-11 07:59 | Report Abuse
IS VT A REAL CROOK?????????
2014-06-11 07:52 | Report Abuse
Posted by Pavillion > Jun 10, 2014 08:53 PM | Report Abuse
Datasonic won the project
what you mean by this?? pavillion, any good news?
2014-06-11 07:40 | Report Abuse
shukor tg bin projek lose big money, manjung projek finish late
shukor are you a staff of mudajaya??
ACTUALLY I AM SEARCHING FOR STAFFS WHO ARE WORKING WITH MUDAJAYA? maybe we can get some vital information about mudajaya from them
shukor how you know tg bin project lose big money? this company mudajaya is hiding a lot of things from investors.. but they cannot hide for long time because always earning reports are coming out plus analyst report.. so they cannot hide information for long term. Mr K, this days is very quiet on mudajaya..mouth always shut.. sudah kena played out by Mr N, i think.. securities commission- SC, did gave some warning to this company on regulatory issues a few years ago..i think there is something else negative this people a hiding from investors.. CIMB research house actually got fade up with this company, because always lies and delays..so this time they downgraded mudajaya very badly. downgraded the target price to 2.52 level..they really got piss out with this company..
2014-06-10 20:23 | Report Abuse
any research house covering this stock?? how long has been idle
2014-06-10 13:25 | Report Abuse
Zecon (ZEC MK)
Technical BUY with +13.0% potential return
Last price : RM0.840
Target Price : RM0.885, RM0.950
Support : RM0.805
Stop-loss: RM0.785
BUY with a target price of RM0.950 with stop
loss placed below RM0.785. ZEC’s share price
retraced from the recent high of RM0.885
before establishing support at RM0.785. Given
yesterday’s strong gain which resulted in ZEC
gapping up along the upward sloping 10-day
and 21-day SMA lines, we foresee a
continuation of the recent uptrend. Also, the
emergence of buying interest as shown by a
higher trading volume of 0.94m shares (vs 20-
day average of 0.5m) should set up a new upleg.
Going forward, we expect the share price
to retest the previous high of RM0.885 which, if
breached, should pave the way toward our
medium-term target at the 1.38x Fibonacci
extension target of RM0.950.
2014-06-10 13:24 | Report Abuse
TAS Offshore (TOB MK)
Technical BUY with +14.3% potential return
Last price : RM1.40
Target Price : RM1.49, RM1.60
Support : RM1.32
Stop-loss: RM1.31
BUY with a target price of RM1.60 with stop
loss placed below RM1.31. TOB’s share price
rebounded from the immediate support of
RM1.32 after retracing from the high of
RM1.49. TOB has rebounded off the “cloud”
following yesterday’s successful breakout
above the short-term downtrendline in tandem
with a surge in momentum. With the MACD
approaching the zero line, we expect a positive
reaction hereafter, thus kick-starting the
creation of a new up-leg. Moving forward, the
share price should be ready to resume its longterm
uptrend run as we peg our medium-term
target at the 1.61x Fibonacci extension level of
RM1.60.
2014-06-10 13:21 | Report Abuse
ECS ICT (ECS MK)
Technical BUY with +12.5% potential return
Last price : RM1.36
Target Price : RM1.42, RM1.53
Support : RM1.31
Stop-loss: RM1.28
BUY with a target price of RM1.53 with stop
loss placed below RM1.28. ECS has been
trading below short-term trendlines in the past
6 weeks after retracing from the recent high of
RM1.42. However, yesterday’s gap-up on the
back of a much higher trading volume of 0.99m
shares (vs 20-day average of 0.14m) signifies
the end of the recent correction and potentially
the start of a new up-leg. This is consistent
with improving momentum as shown by
positive readings in both MACD and Stochastic
as the ECS pushed through the “cloud’,
suggesting upward continuation hereafter. We
expect the long-term uptrend to resume as we
peg our upside target at the 1.61x Fibonacci
extension target of RM1.53 over the short to
medium term.
2014-06-10 00:29 | Report Abuse
NEWBIES NEWBIES NEWBIES, BE CAREFULL
2014-06-10 00:09 | Report Abuse
Press Metal (PRESS MK)
Technical BUY with +15.9% potential return
Last price : RM3.64
Target Price : RM3.78, RM4.22
Support : RM3.38
Stop-loss: RM3.37
BUY with a target price of RM4.22 with stop
loss placed below RM3.37. PRESS’s share
price was consolidating in a contracting range
in the form of a “symmetrical triangle” pattern
in the last 28 days, suggesting an upward
continuation upon the breakout from the
pattern. With last Friday’s gain, PRESS has
made a breakout above the pattern on the
back of a higher trading volume of 1.3m shares
(vs 20-day average of 0.8m), signifying an
upward movement hereafter. This was
supported by a surge in momentum as shown
by a bullish crossover in Stochastic, implying
potential follow-through support as the price is
likely to nudge higher in the near term. We peg
our upside target based on X to X projection of
the pattern at the price of RM4.22 over the
short to medium term.
2014-06-08 22:16 | Report Abuse
2014-06-08 22:09 | Report Abuse
https://www.facebook.com/photo.php?fbid=802273356450609&set=a.228820880462529.68340.228799620464655&type=1&theater
please login to facebook first
2014-06-06 18:35 | Report Abuse
this ma...thir is a purest anti western type..
2014-06-06 18:32 | Report Abuse
when a man age up, his mind n thinking will return back to infant stages
2014-06-06 13:47 | Report Abuse
who is good n bad,,light and darknes, hot n cold, right n wrong, sin n deed, are all plays created by the devil MIND.. why becoming the slaves of the mind, actually you should go much higher then this..if you loose the games then surely you will become the slaves of the mind n deaths
2014-06-06 13:40 | Report Abuse
scicom is for long term..i have some frens working in this company..it s a good prospect company going forward
2014-06-06 13:15 | Report Abuse
Alam Maritim Resources
(AMRB MK)
Technical BUY with +16.0% potential return
Last price : RM1.56
Target Price : RM1.68, RM1.81
Support : RM1.51
Stop-loss: RM1.48
BUY with a target price of RM1.81 with stop
loss placed below RM1.48. Following a sharp
pullback from the recent high of RM1.68,
AMRB’s share price has established a new
support level at RM1.51 after consolidating
within RM1.51-1.58 in the past 4 weeks.
However, a few spikes in the trading volume
despite sideway movements could point to
“hidden accumulation”. AMRB has been
gradually climbing along the “cloud” in the last
7 days which, along with improving momentum
as flashed by a bullish crossover in Stochastic,
should signify an imminent breakout above the
immediate resistance of RM1.62, thus the
current level provides investors opportunities to
accumulate at lower risk. A positive followthrough
above the 61.8% Fibonacci
retracement level of RM1.60 could kick-start a
new up-leg as we peg our medium-term target
at the 1.38x Fibonacci extension level of
RM1.81.
2014-06-06 13:10 | Report Abuse
My EG Services (MYEG MK)
Technical BUY with +21.3% potential return
Last price : RM2.72
Target Price : RM3.04, RM3.30
Support : RM2.54
Stop-loss: RM2.52
BUY with a target price of RM3.30 with stop
loss placed below RM2.52. Following a
correction from the high of RM3.04, MYEG’s
share price has rebounded off the rising
trendline before establishing a new support at
RM2.54. As the share price recovers gradually,
MYEG successfully closed above the “cloud”
and 50.0% Fibonacci retracement level and
also formed a bullish reversal pattern of “above
the stomach” yesterday. Given the higher
trading volume of 1.05m shares recorded
yesterday (vs 20-day average of 0.57m),
MYEG has attracted growing buying interest in
line with the rising momentum as shown by
positive readings in both MACD and RSI.
Moving forward, we expect the share price to
be ready to resume its long-term uptrend as
we peg our medium-term target at the 1.38x
Fibonacci extension level of RM3.30.
2014-06-06 07:53 | Report Abuse
ALL NEWBIES PLEASE BE CAREFULL,,DO NOT GET CARRIED AWAY
2014-06-05 23:04 | Report Abuse
for time being it will be trading between 1.7 to 1.8,,,member41 is right,, then when only hot news comes in with new target price then only it will move higher then 2... NO TARGET PRICE NO MOVE ABOVE 2....SO WAIT FOR RHB ANALYST...IF IT GOES BEYOND 2 WITHOUT ANY NEWS THEN IT IS ASKING TROUBLE
2014-06-05 22:53 | Report Abuse
why wasting time and energy talking about MAS..it s already in a deep shit..there are so many good bullish companies that we can discuss on..
2014-06-05 19:53 | Report Abuse
so what rating are you giving to this stock,,trading buy or strong buy or long term buy or fast buy
2014-06-05 19:00 | Report Abuse
System to be implemented must be cost-effective, tamper-proof and address the issues at hand, needless to say. For example, the new fuel subsidy mechanism must be easily and readily integrated to the pump stations’ system with minimal or, better still, without additional costs. In addition, the system must not be prone or vulnerable to abuse such as allowing: false data submissions for MyKad/smartcards; the use of fake cards; those eligible for the fuel subsidies do not “sell” their entitlements.
Impact on inflation is less certain, harder to quantify. Given that the proposed fuel subsidy review will not be a simple case of raising the prices of RON95 petrol and diesel by a certain amount per litre as happened previously, it is going to be harder to gauge the impact on inflation. Nonetheless, our forecast already priced in a scenario of inflation rate accelerating to 3.5% this year and 4% next year from 2.1% last year.
2014-06-05 18:59 | Report Abuse
the Government’s budget for fuel subsidies in 2014 is to be cut to
MYR22.3b from MYR28.9b actual fuel subsidy bill in 2013. This MYR6.6b
reduction includes MYR3.3b from the full-year effect of the Sep 2013’s 20
sen per litre hike in fuel prices. This leaves another MYR3.3b of savings in
fuel subsidy to be achieved this year. We estimate that every 10 sen hike
in fuel subsidies can bring about between MYR1.65b to MYR2b in fuel
subsidy savings annually. So another 16.5-20 sen per litre hike at the start
of the year would have done it. However, with 2014 already at its midpoint
with no additional fuel price hike to date, fuel prices need to be
raised by more than 16.5-20 sen per litre if the above-mentioned fuel
subsidy reduction target is to be met. However, this would have serious
consequences on inflation, hence the approach that the Government is
considering right now.
And amid potential developments on oil-&-gas-related revenues, and
social safety net spending. Oil-&-gas-producing states such as Sarawak,
Sabah and Terengganu currently receive 5% royalty from Petronas via the
Federal Government. On 6 May 2014, the Sarawak State Assembly
unanimously voted for a motion requesting an increase to 20%. During his
visit to the state earlier this week, Prime Minister Najib said the Federal
Government will consider the request. If granted the other oil-&-gas
producing states will expect the same treatment. The end result is that
the Federal Government will have less oil & gas revenues to re-distribute
as spending on fuel subsidies.
And we have not factored in the proposal for Petronas’ dividend to the
Federal Government to be pegged as a percentage of the national oil
company’s net profits, as opposed to being arbitrarily set by the
Government.
In addition, we understand that the Government aim to have a more
comprehensive social safety net system by 2015. To note also, the amount
of cash transfer under BR1M is expected to go up over the next few years,
as per the Government’s manifesto for the 13th General Election last year.
As it is, the BR1M amount this year was raised and the coverage was
expanded to include the middle-income households (with monthly income
of MYR3,000-MYR4,000).
2014-06-05 18:58 | Report Abuse
Subsidy savings can be made by dealing with leakages and smuggling instead of overhauling the entire subsidy mechanism. It is reported that leakages cost the Government some six billion litres worth of RON95 petrol subsidies, while a further 3.5 billion litres of diesel is smuggled. This amount is very high relative to the 20b litres of petrol and diesel consumed annually. It was also reported that the savings in fuel subsidies can be as much as MYR9.8b annually, which we are not in a position to verify or comment. However, the amount of savings by addressing the leakages and smuggling can be substantial in view of the above-stated volumes of petrol and diesel involved, and given that the Government is currently subsidising RON95 petrol and diesel at 73 sen per litre and 77 sen per litre respectively.
2014-06-05 18:56 | Report Abuse
The consumption will be monitored via smartcard technology. At this juncture it is not clear whether this will involve the use of MyKad (the official identity card issued by the National Registration Department) or the issuance of a new smartcard to those who are entitled for fuel subsidies. In the event of a new smartcard being used, it is also not clear at this point whether this will be issued by the Government (e.g. via Ministry of Transport) or by a third party that will operate the new fuel subsidy system. However, it is certain the use of the existing MyKad or a new smartcard will require those who are eligible to update or register the relevant details.
In the case of commercial vehicles, the use of a “fleet card” is also being considered. This in itself is not new as previously nine types of commercial vehicles qualified for the “super subsidy” diesel priced at MYR1.48 per litre and used fleet cards, before the super subsidy for these categories of commercial vehicles was removed on 1 June 2011 (the nine types of commercial vehicles were prime movers, general cargo movers, Luton box vans, vans, rigid lorries for bottled beverages, rigid lorries for flour transport, rigid lorries for refrigerated foods, bottled beverages water tankers, limousine taxis).
In whatever form it may take, the new fuel subsidy system will apparently be implemented in stages, with the plan to get it up and running on 1 Sep 2014 starting with commercial vehicles followed by private vehicles in 4Q 2014 (either 1 Oct or 1 Nov). Implementation will involve all the 3,500 pump stations nationwide.
2014-06-05 18:52 | Report Abuse
Inefficiency due to leakages. It’s a well-known fact that the present “blanket” fuel subsidy system disproportionately benefits the rich and higher income groups who on average have more vehicles with larger engine capacities than the lower income households. Below are some statistics and information with regards to such leakages arising from the inefficient and skewed distribution of fuel subsidies under the current system:
The average monthly spending on fuel by this category of households is MYR132, around a third of the average MYR375 per month by households with income of more than MYR3,000 per month.
Consequently, households with income of below MYR3,000 a month consume only 30% of the subsidised RON95 petrol.
The Government’s decision to replace the subsidised regular RON92 petrol (MYR1.70 per litre) with the subsidised regular RON95 petrol (at MYR1.80 per litre) effective 1 Sep 2009, and to stop subsidising the premium RON97 petrol effective 16 July 2010 resulted in the consumption of RON95 petrol to surge and RON97 to plunge in 2010 as vehicle owners flocked to the subsidised RON95 petrol given the lack of a mechanism to “discriminate” between higher-income and lower-income vehicle owners.
A study by the IMF showed that more than 80% of fuel subsidies globally benefited the top-40% of households by income.
2014-06-05 18:34 | Report Abuse
Fuel subsidy mechanism overhaul next?
Costly current “blanket” fuel subsidy system. The subsidised prices of
RON95 (MYR2.10 per litre) for petrol and diesel (MYR2.00 per litre) are
currently available to all private and commercial vehicles. In addition,
certain industries like fisheries and public transportation (buses) have
extra diesel subsidies – subject to quotas – where the “super subsidy”
diesel costs between MYR1.25 and MYR1.48 per litre, below the already
subsidised diesel price for private and commercial vehicles.
2014-06-05 18:33 | Report Abuse
BR1M helped to mitigate the downsides. The consumer spending impact
was also negated by the cash transfer programmes to help lower income
households/individuals adjust to the rise in living costs. From the official
data on the biggest cash transfer programme, we estimate that without
BR1M consumer spending growth in 2012-2013 would have been 1.2-1.6ppts
lower than the actual figures, and consequently, real GDP growth in 2012-
2013 would have been 0.2-0.3ppts lower than the reported numbers.
Stock: [PARKSON]: PARKSON HOLDINGS BHD
2014-06-11 13:36 |
Post removed.Why?